Aptos is a Layer-1 blockchain utilizing Proof of Stake (PoS) consensus providing a safe, scalable, and upgradable Web3 infrastructure. The Aptos blockchain uses the Move programming language for smart contracts and the Move Virtual Machine (MoveVM) for developing decentralized applications (dApps).
More than 350 developers globally have contributed to developing the Aptos Layer-1 blockchain network. It offers an innovative approach towards consensus, the design of smart contracts, security, performance, and decentralization.
Aptos Labs, the firm behind the blockchain development, has undertaken a pipelined and modular approach for processing transactions on the network. This gives the Aptos blockchain higher throughput and lower latency than most of its competition.
APT is the native token of the Aptos ecosystem. It is used for paying transaction fees when using the network, staking by validators, and enabling decentralized governance within the platform